Plan for December 4, 2019

Got a Sell day today, looks consolidating with downside bias

Nifty and Banknifty on short term frame looks consolidating

1. Avoid trade in Nifty and Banknifty on the long side till 12,100 and 31,200 respectively. scalp with a downside bias.
2. Maruti sell below 7,000
3. Tata Steel and JSW Steel may continue to fall.
4. Ambuja sell below 198 and buy above 210.
5. Axis sell below 735 with stop loss of 760. Keep quantity less than normal.
6. Volatility breakout trade (Inspired by Linda Raschke), here you buy or sell breakout with an initial stop of 1% and trailing the targets.

• Equitas
• Motherson Sumi
• Ujjivan